Silver Bullion becomes a Silver Institute member
PRESS RELEASE
For Immediate Release
24 January 2024
Singapore, 24 January 2024 - Silver Bullion ( www.silverbullion.com.sg ), a Singapore-based wealth protection company and precious metals dealer, has joined the Silver Institute as a member to further enhance efforts in increasing silver’s awareness.
Existing Silver Institute members include major precious metal wholesalers, dealers, refineries, mining companies, and other companies in the precious metal industry.
Established in 1971, the Silver Institute is the silver industry’s primary voice in expanding public awareness of silver’s essential role in today’s world, especially in green applications. Its mandates are to provide the global market with reliable statistics and information on silver and create and execute programs that help drive demand for silver.
According to the Silver Institute, silver industrial demand was expected to grow by 8% to a record of 632 million ounces in 2023. Investment in the power grid, photovoltaics, and 5G networks were cited as the key drivers behind the demand.
Since its founding in 2009, Silver Bullion has been a steadfast advocate for silver investment, recognizing the metal's unique properties, monetary history, and investment potential as a wealth preservation asset. The company’s values, thus, align seamlessly with the Silver Institute's mission to encourage the development of the silver market and increase awareness of silver’s uses and potential.
Vergel Villasoto, Director of Silver Bullion, said, “Like gold, silver was one of the world’s most enduring currencies given its intrinsic value. It has a myriad of industrial applications, is practically indestructible, and cannot be printed out of thin air. Physical assets like silver and precious metals have always been the go-to safe havens haven assets when a crisis strikes. We believe in the potential of silver and its critical role in the modern world, from technology to investment. Being a member of the Silver Institute allows us to contribute more significantly to the industry's growth and innovation.”
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About Silver Bullion
Founded in 2009, Silver Bullion is one of Singapore's largest precious metal dealers. It specializes in wealth protection and offers services, including precious metals storage, collateralization, and non-destructive testing at its vault, The Safe House, located within its own building, The Reserve. With over 180,000 sqft of storage capacity for physical assets like precious metals, luxury watches, art, gemstones, and other luxury items, The Reserve is one of the highest-capacity vaults in the world. Silver Bullion is a member of the London Bullion Market Association (LBMA) and the Singapore Bullion Market Association (SBMA) and is a partner of the World Platinum Investment Council (WPIC).
For any media requests, please contact:
Silver Bullion Pte Ltd
Vincent Tie, Corporate Communications
T: +65 6100 3040
[email protected]